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Bombay High Court Allows Appeal in Income Tax Capital Gains Case — Section 54F Deduction Computation Clarified. Investment in new asset before due date of filing return qualifies for exemption even if return is filed late....

The appellant, Humayun Suleman Merchant, sold a plot of land in Mumbai on 29th April 1995 for Rs.85,33,250/-, resulting in a long-term capital gain. To claim exemption under Section 54F of the Income ...

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High Court of Bombay Allows Pension Benefits to Retired Bank Employee Despite Delay in Deposit of Amount Under Joint Note. The court held that the three-day condition imposed by the bank was arbitrary and unreasonable, and that the petitioner's substantive right to pension could not be defeated by a procedural technicality....

The petitioner, Ramesh Gajanan Nigudkar, joined the Bank of Baroda as a subordinate staff member on 4 March 1967 and retired after 39 years of unblemished service on 31 October 2006. The bank had earl...

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Bombay High Court Allows Pension Benefits to Retired Bank Employee Despite Delay in Deposit of Contribution Amount Under Joint Note Dated 27 April 2010. The court held that the three-day period for deposit was unreasonable and that the petitioner's substantial compliance warranted granting pension....

The petitioner, Ramesh Gajanan Nigudkar, joined the Bank of Baroda as a subordinate staff member on 4 March 1967 and retired after 39 years of unblemished service on 31 October 2006. The bank had earl...

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Bombay High Court Dismisses Writ Petitions Seeking Permanency for Apprentice Development Officers of LIC. Apprenticeship Training Scheme under Section 18 of the Life Insurance Corporation Act, 1956 does not create employer-employee relationship or right to absorption....

The petitioners, a group of individuals who were engaged as apprentice development officers by the Life Insurance Corporation of India (LIC) under a training scheme, filed writ petitions seeking a man...

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Bombay High Court Dismisses Writ Petitions Seeking Permanency for LIC Apprentices — Apprentices Act, 1961 Overrides Industrial Disputes Act. Apprentices engaged under a statutory scheme are not employees and have no right to absorption....

The petitioners, engaged as apprentices by the Life Insurance Corporation of India (LIC) under the Apprentices Act, 1961, filed writ petitions seeking a mandamus to direct LIC to absorb them as perman...

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Bombay High Court Allows Management to Conduct Enquiry Against Employee Subject to Suspension and Subsistence Allowance — Employee Offers to Waive Back Wages for Continuity. The court sustained the management's right to conduct an enquiry subject to suspension and subsistence allowance, while noting the employee's offer to waive back wages for continuity of service....

The case involves a writ petition filed by Smt. Mohinibai Badriprasad Agrawal Shikshan Prasarak Mandal and the Incharge Head Master of Mahatma Jyotiba Fule Secondary School against Shri Gokul s/o Pita...

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High Court of Karnataka Allows Writ Petition of State Government Undertaking Against Tax Assessment Orders. Exemption Notification Under Karnataka Motor Vehicles Taxation Act, 1957 Held Applicable to Buses Operated on All India Tourist Permits....

The Andhra Pradesh Tourist Development Corporation (APTDC), a State Government undertaking, filed writ petitions under Articles 226 and 227 of the Constitution of India before the High Court of Karnat...

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Karnataka High Court Dismisses Appeal Against Rejection of Rectification Application Under KVAT Act — Time Limit for Rectification Under Section 69(1) Is Five Years from Date of Order. The court upheld the Revisional Authority's order rejecting the rectification application as time-barred under Section 69(1) of the Karnataka Value Added Tax Act, 2003....

The appellant, M/s. Manasa Electricals Co., filed returns for the assessment year 2005-2006 under the Karnataka Value Added Tax Act, 2003 (KVAT Act). The assessee did not file a revised return within ...

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High Court of Karnataka Quashes Controlling Authority's Orders Deferring Gratuity Payment Due to Pending Criminal Proceedings. Statutory Right to Gratuity Under Section 4 of Payment of Gratuity Act, 1972 Cannot Be Withheld Pending Criminal Case....

The petitioner, Shri B. Premananda Pai, a former Senior Manager of Vijaya Bank, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging two orders passed by the Contr...

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High Court of Karnataka Allows Modification of Judgment in State Appeal Due to Death of Respondent Not Brought on Record. Appeals Restored for Fresh Disposal After Bringing Legal Representatives on Record....

The State of Karnataka filed two criminal appeals against the judgment of the Principal Sessions Judge, Mysore, in S.C. No. 9/99. Criminal Appeal No. 815/2004 was filed under Section 377 Cr.P.C. seeki...